The NAM issued the first quarter results of its 2016 Manufacturers’ Outlook Survey today. The report shows a continued decline in sentiment among manufacturing executives and anxiety over the faltering global business climate.

NAM Chief Economist Chad Moutray issued s statement after Congress released details of its spending bill which includes a provision to delay the Employee Benefits Tax more commonly known as the “Cadillac Tax.”

The National Association of Manufacturers’ (NAM) third quarter installment of its 2015 Manufacturers’ Outlook Survey reveals that although two-thirds of manufacturers polled remain positive, economic and policy challenges continue to curb their optimism.

Manufacturers remain optimistic about their own companies in the last quarter of 2014, continuing an upward trend over the past two years, according to the latest National Association of Manufacturers (NAM)/IndustryWeek Survey of Manufacturers.